by our College Data Analytics TeamHere you will find what students actually borrow to attend Brighton Institute of Cosmetology: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Brighton Institute of Cosmetology, 13% of new students use loans toward freshman-year expenses, at roughly $2,928 each, across private and federal loan sources.
On the federal side, the average loan is $2,928, representing 53.2% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Brighton Institute of Cosmetology (freshmen included), 12% finance part of their studies with federal loans, averaging $2,945 in federal loans per year. It comes to 0.6% more than the freshman federal average of $2,928.
Borrowing at that rate every year works out to about $5,890 after two years and $11,780 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 12% |
| Average federal loan per year | $2,945 |
| Undergraduates with a federal loan | 10 |
| Total federal loans (one year) | $29,445 |
The median student at Brighton Institute of Cosmetology borrows $7,157 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,157 |
The indicators below describe what the typical debt costs to pay back at Brighton Institute of Cosmetology.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.